WebHow much may Stork deduct for this event? Food and beverages $ 1,300 Deduction for seats ($250x20) 5,000 Total entertainment expense 6,300 50% limitation 0.50 Deduction $ 3,150 Food and beverages $ 1,300 Deduction for seats ( $ 250x20 ) 5,000 Total entertainment expense 6,300 50 % limitation 0.50 Deduction $ 3,150 Upload your study … WebKristen may deduct $___ as weekend expenses. A.) Air fare $ 1500 Lodging 1200 Meals 450 Transportation 120 Total $ 3270 B.) 3270 A DEDUCTION FOR AGI Kim works for a clothing manufacturer as a dress designer. She travels to New York City to attend five days of fashion shows and then spends three days sightseeing. Her expenses are as follows:

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WebHow much may Stork deduct for this event? $fill in the blank 1 During 2024, Stork Associates paid $85,800 for a 20-seat skybox at Veterans Stadium for eight professional football games. Regular seats to these games range from $50 to $150 each. At one game, an employee of Stork entertained 18 clients. WebDec 17, 2024 · Cash gifts of up to $300, and even if you did not itemize your deductions, you could write off that $300 as an above-the-line deduction against your adjusted gross … cinnamon toast waffles recipe

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WebStork furnished food and beverages for the event (provided by a local restaurant) at a cost of $1,800. The game was preceded by a bona fide business discussion, and all expenses are adequately substantiated. How much may Stork deduct for this event?$fill in the blank 1 add WebThe allowable amount of meal expenses you are allowed to deduct on your Schedule C is determined by the line of work you are in. For most taxpayers, the IRS allows you to … WebHow much may Stork deduct for this event? $fill in the blank 1 During 2024, Stork Associates paid $85,800 for a 20-seat skybox at Veterans Stadium for eight professional … cinnamon to burn fat